Imperial Oil Limited (NYSEAMERICAN:IMO) Shares Sold by GQG Partners LLC

GQG Partners LLC decreased its holdings in Imperial Oil Limited (NYSEAMERICAN:IMO - Free Report) TSE: IMO by 62.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 610,594 shares of the energy company's stock after selling 997,564 shares during the period. GQG Partners LLC owned 0.12% of Imperial Oil worth $37,611,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new stake in shares of Imperial Oil in the third quarter worth about $28,000. Winch Advisory Services LLC purchased a new stake in shares of Imperial Oil during the 4th quarter worth approximately $26,000. Wingate Wealth Advisors Inc. bought a new stake in Imperial Oil in the fourth quarter worth $41,000. Allworth Financial LP raised its stake in Imperial Oil by 21.0% during the fourth quarter. Allworth Financial LP now owns 1,630 shares of the energy company's stock valued at $100,000 after purchasing an additional 283 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Imperial Oil during the third quarter valued at $137,000. Hedge funds and other institutional investors own 20.74% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IMO shares. The Goldman Sachs Group cut shares of Imperial Oil from a "neutral" rating to a "sell" rating in a research report on Thursday. JPMorgan Chase & Co. lowered Imperial Oil from a "neutral" rating to an "underweight" rating in a research note on Thursday, December 19th. Scotiabank raised shares of Imperial Oil to a "hold" rating in a report on Wednesday, March 19th. Finally, Wolfe Research lowered Imperial Oil from an "outperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $109.00.

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Imperial Oil Stock Performance

Shares of IMO stock traded down $1.43 on Friday, reaching $70.84. 329,051 shares of the company were exchanged, compared to its average volume of 433,503. The company has a market cap of $36.06 billion, a P/E ratio of 10.75 and a beta of 1.44. Imperial Oil Limited has a 1 year low of $60.95 and a 1 year high of $80.17. The firm has a 50-day moving average of $69.30. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.34.

Imperial Oil Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Wednesday, March 5th will be given a dividend of $0.4972 per share. This represents a $1.99 annualized dividend and a dividend yield of 2.81%. This is a boost from Imperial Oil's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Wednesday, March 5th. Imperial Oil's payout ratio is presently 25.80%.

About Imperial Oil

Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores and produces crude oil, natural gas, synthetic crude oil, and bitumen. The Downstream segment transports and refines crude oil, blends refined products, and distributes and markets of refined products.